Duco for Fintech & Payments
Fast, powerful data management for agile, innovative businesses.
Unlock greater operational efficiency through data quality
Control data across your organisation, streamline your operations and simplify compliance. Focus on new opportunity and delivering unrivalled customer experience with a flexible, scalable solution.
Join forces with a true disruptor to supercharge your efficiency and stay compliant. Harness the latest in agile and scalable data management software to quickly manage and reconcile your data in the cloud. Simplify your operations and keep costs low to better focus on delivering a best-in-class customer experience.
Choose a data management solution that can keep pace with you. Seamlessly integrate the Duco Platform alongside your internal and external systems to unlock a scalable approach to managing payments data. Stay focussed on speed and agility, without compromising on security or accuracy.
Unite processes across your organisation and handle trade, position and balance data quickly and at scale with the Duco Platform. Get total visibility of your processes from start to finish and unlock the agility you need to respond fast to new opportunities.
Easily reconcile between exchanges, blockchain, wallets, custodians and portfolio accounting systems. Harness the power of an agile system that can understand transaction data even without traditional identifiers and credit or debit flags.
We are looking to Duco to transform and streamline our reconciliation process. As our volume grows and our network expands we needed to invest in automating our reconciliations to ensure we keep client funds properly protected and handle the transactions across multiple providers. Duco stood out for their flexible and scalable product and the ease and speed of implementation.
Jon Burrell, VP of Operations at Currencycloud
What sets us apart in the market is our understanding of both regulation and technology and our strong focus on the end-to-end experience. By working with Duco, we will be able to scale fast and provide our rapidly growing client base with strong independent verification based on best-of-breed technology.
Collin Coleman, CEO of NEX Regulatory Reporting
“We have been particularly impressed with the flexibility of Duco and the speed with which we were up and running. The platform was able to handle complex data straight out of the box, enabling our operations teams to start setting up controls themselves with minimal training. Duco also ensures all our processes are automated and scalable, which is essential for an expanding business like World First.”
Faye Marshall, Group Treasurer of World First
Use Duco for
Firms need to be able to trust their data. As data flows through an organisation and between systems it can become corrupt, leading to errors being propagated incorrectly in dozens of systems – which must then be amended manually.
To monitor the risk and maintain control, firms need to run intersystem reconciliations to identify data inconsistencies, but often these are manual or spreadsheet-driven. This creates operational risk, but also lacks automation, transparency, control, and agility to handle change.
Duco provides a flexible system, able to ingest multiple data types with little or no data transformation. Firms can rely on Duco to reconcile data across all the systems they have in place – regardless of formats. The platform can be live in 24 hours, and it uses our unique Natural Rule Language, meaning users can set up new reconciliations using plain English sentences within hours.
Having a clear, consistent and up-to-date view of accounts payable and receivable can be a daunting task when dealing with many sources and payment providers, all with unique data formats.
With money flowing between legal entities and revenues often shared, consolidation and verification of all this data is a crucial task. But it’s a task that is often complicated by disconnected systems, inflexible technology, currency differences and poor workflow.
With Duco you can ingest data from multiple sources, in multiple currencies and formats, with little or no pre-transformation. You can then normalise that data without code, using our unique Natural Rule Language, greatly simplifying the payments matching process. Our fuzzy matching technology helps you to more accurately identify data that should match, and our automated workflow means nothing slips through the cracks.
Get full visibility of your foreign currency transfers and ensure your nostro accounts are always up to date with Duco.
Reconciling nostro and vostro accounts means comparing the statement from the facilitator bank with transactions recorded in firms General Ledger. However, this is often a complex and time-consuming process due to the differences in the way different providers and systems format their data. Errors here mean a loss of visibility over pending transactions and missed opportunities to generate interest revenue from external accounts. It also creates financial exposure.
Duco’s flexible data ingestion means that our agile platform can adapt to multiple flat file formats, as well as SWIFT MT940 and MT950 messages, with little or no pre-transformation. Our proprietary Natural Rule Language empowers non-technical users to build processes in plain English, without code. This means you can quickly adapt to new providers and formats, and swiftly identify missed or pending transactions.
Exchange to Blockchain Reconciliation
Exchange to Blockchain Reconciliation
Cryptocurrency exchanges facilitate transactions between fiat currencies and digital currencies such as Bitcoin. Customers can deposit in fiat currency and buy cryptocurrency or vice versa. These transactions are documented both in the exchange’s own records and on the blockchain itself. Reconciling exchange data to the blockchain ensures the fiat amounts are accurate.
Duco excels at handling cryptocurrency transaction data because our philosophy has always been to understand data rather than schemas.
Legacy technology struggles to understand these transactions because they don’t have traditional financial attributes such as identifiers like CUSIPs, ISINs or LEIs. Often they don’t have credit or debit flags either.
Duco views all transactions on a data level and therefore users are able to onboard and reconcile cryptocurrency transaction data as easily as other financial data.
Duco in Numbers
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The Duco Platform for Fintech & Payments
Harness the power of the no-code, machine learning powered solutions on the Duco Platform to reach your full data potential.